All amounts in SEKm unless otherwise stated
The equity attributable to equity holders of the Parent Company consists of the following items:
As per December 31, 2016, the share capital of AB Electrolux consisted of 8,192,539 Class A shares and 300,727,769 Class B shares with a quota value of SEK 5 per share. All shares are fully paid. One A share entitles the holder to one vote and one B share to one-tenth of a vote. All shares entitle the holder to the same proportion of assets and earnings, and carry equal rights in terms of dividends.
| Quota value | |
| Share capital, December 31, 2015 | |
| 8,192,539 Class A shares, quota value SEK 5 | 41 |
| 300,727,769 Class B shares, quota value SEK 5 | 1,504 |
| Total | 1,545 |
| Share capital, December 31, 2016 | |
| 8,192,539 Class A shares, quota value SEK 5 | 41 |
| 300,727,769 Class B shares, quota value SEK 5 | 1,504 |
| Total | 1,545 |
| Owned by Electrolux |
Owned by other shareholders |
Total |
|
| Shares, December 31, 2015 | |||
| Class A shares | — | 8,192,539 | 8,192,539 |
| Class B shares | 21,522,858 | 279,204,911 | 300,727,769 |
| Conversion of Class A shares into Class B shares | |||
| Class A shares | — | — | — |
| Class B shares | — | — | — |
| Sold shares | |||
| Class A shares | — | — | — |
| Class B shares | — | — | — |
| Shares, December 31, 2016 | |||
| Class A shares | — | 8,192,539 | 8,192,539 |
| Class B shares | 21,522,858 | 279,204,911 | 300,727,769 |
Other paid-in capital relates to payments made by owners and includes share premiums paid.
Other reserves include the following items: Cash-flow hedges which refer to changes in valuation of currency contracts used for hedging future foreign currency transactions; and exchange-rate differences on translation of foreign operations which refer to changes in exchange rates when net investments in foreign subsidiaries are translated to SEK. The amount of exchange-rate changes includes the value of hedging contracts for net investments. Finally, other reserves include tax relating to the mentioned items.
Retained earnings, including income for the period, include the income of the Parent Company and its share of income in subsidiaries and associated companies. Retained earnings also include remeasurement of provision for post-employment benefits, reversal of the cost for share-based payments recognized in income, income from sales of own shares and the amount recognized for the common dividend.
| 2016 | 2015 | |
| Income for the period attributable to equity holders of the Parent Company | 4,494 | 1,566 |
| Earnings per share | ||
| Basic, SEK | 15.64 | 5.45 |
| Diluted, SEK | 15.55 | 5.42 |
| Average number of shares, million | ||
| Basic | 287.4 | 287.1 |
| Diluted | 289.0 | 288.9 |
Basic earnings per share is calculated by dividing the income for the period attributable to the equity holders of the Parent Company with the average number of shares. The average number of shares is the weighted average number of shares outstanding during the year, after repurchase of own shares. Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding with the estimated number of shares from the share programs. Share programs are included in the dilutive potential ordinary shares as from the start of each program. The dilution in the Group is a consequence of the Electrolux long-term incentive programs.
The average number of shares during the year has been 287,397,450 (287,148,906) and the average number of diluted shares has been 288,991,920 (288,873,593).
The Board of Directors proposes that income for the period and retained earnings, totaling SEK 15,581,866 thousand, is to be distributed through dividend to the shareholders of SEK 7.50 per share, totaling SEK 2,155,481 thousand, and to be carried forward SEK 13,426,385 thousand.
The Annual Report for AB Electrolux (publ) 556009-4178, consists of the Report by the
Board of Directors, Notes, Proposed distribution of earnings and Auditors´ report.